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Assurance

Our assurance team reviews the systems of internal control, corporate governance and risk management at higher education institutions (HEIs) and our related bodies. It also monitors and addresses financial and other risks associated with HEIs and related bodies.

‌ Core activities

To achieve this, it undertakes a number of core activities:

  • assurance reviews
  • monitoring of financial performance and commitments
  • risk assessment and risk notification.

Other responsibilities

We carry out a number of 'sector development initiatives' aimed at improving audit standards and management practice within the sector.

We are also responsible for responding to instances where information or allegations are received regarding institutions (public interest disclosures).

We provide advice on a formal and informal basis to higher education institutions and HEFCE.

Our guidance on assurance and institutional risk communicates good practice for auditors, audit committees, finance and planning officers, and information from other professional bodies.

Accountability

We are working to minimise the amount of bureaucracy and regulation that result from the public funding of higher education institutions.

We also aim to ensure that an adequate and appropriate level of public accountability is maintained. 

Our framework through which universities and colleges are accountable to us is designed to achieve these aims.

Page last updated 19 October 2012

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